Avance Gas Holding Ltd, traded over-the-counter under the symbol AVACF, is a Bermuda-incorporated maritime shipping company specializing in the transportation of liquefied petroleum gas (LPG) and related clean petroleum gases. The company owns and operates a fleet of very large gas carriers (VLGCs), designed to carry up to 84,000 cubic meters of pressurized LPG per voyage. These vessels are deployed under a combination of long‐term time charters and spot market agreements, connecting major production centers with key consumption markets around the globe.
Founded in 2010, Avance Gas embarked on an aggressive growth strategy, ordering modern, fuel-efficient VLGCs built at leading shipyards in South Korea and Japan. Since its initial public listing, the company has expanded its fleet to include more than a dozen vessels, each outfitted with dual fuel capabilities and advanced hull designs aimed at reducing carbon emissions. By continually modernizing its assets, Avance Gas seeks to offer charterers enhanced safety, reliability and environmental performance compared to older tonnage.
The firm’s core activities center on transporting LPG cargoes such as propane, butane and ammonia for customers in the petrochemical, refining and energy sectors. Avance Gas regularly serves trade lanes linking the Middle East, Southeast Asia, Europe and the Americas, where shifting supply dynamics have boosted demand for flexible, large‐scale gas shipping solutions. Through a blend of time charters—often spanning several years—and spot appointments, the company can balance revenue stability with upside exposure to peaks in freight rates.
Management is led by a team of maritime industry veterans based in offices across Hamilton (Bermuda), Singapore and Oslo. Under their stewardship, Avance Gas maintains rigorous safety standards and environmental policies, adhering to regulations set by the International Maritime Organization and major classification societies. As global LPG trade continues to grow, the company positions itself to capitalize on emerging export hubs and evolving charterer needs, reinforcing its reputation as a specialized carrier in the clean energy shipping segment.
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